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Investment signal

$899,000

1032 LAKESHORE DRIVE S

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Beds

4

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Bracebridge (Oakley). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to your peaceful lakeside retreat, a place where serenity, comfort, and connection come together. This beautifully maintained, four-bedroom, two-bathroom year-round cottage offers an inviting blend of rustic charm and modern ease, perfectly designed for family living or as a highly desirable short-term rental investment. Step inside to a sun-filled dining area overlooking the water, the perfect setting for gathering with loved ones. The open-concept kitchen and living space features an oversized island ideal for entertaining, stainless steel appliances, and a warm, welcoming atmosphere that flows seamlessly to the outdoors. The property's waterfront is truly exceptional. Stretch out on the long dock to soak in all-day sun, sway in a hammock under the trees with a good book, or take to the water with every toy imaginable at your fingertips. Evenings bring unforgettable moments around the firepit, where family and friends can gather beneath the stars. With a walkout lower level offering a separate entrance, two additional bedrooms, and a full bath, there's room for everyone to relax in comfort. Completely furnished and thoughtfully updated, this turn-key retreat is ready to enjoy immediately. Located on pristine Leech Lake, known for its clean, spring-fed waters and quiet natural beauty, this property offers both shallow and deep-water entry along a Muskoka granite shoreline. Just minutes from the charming town of Bracebridge, you'll have the best of both worlds: peaceful seclusion with easy access to amenities. Whether you're searching for a family cottage to create lifelong memories or a proven investment property, this retreat truly has something for everyone. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
Oakley
Common interest
Freehold
Lot dimensions
119.9 x 180 FT
Bedrooms
4 above grade
Parking
6 total
Stories
1
Fireplace
Yes
On market
Apr 2, 2026
Status changed
Apr 26, 2026
Annual tax
$4,750.37 (2025)
Photos
50
MLS#
X12952164
Area
BRACEBRIDGE_(OAKLEY)

Features and systems

Parking

OtherNo Garage

Basement

FinishedFullWalk outN/AN/A

Appliances

AllFurnitureWindow CoveringsWater Heater

Heating

Baseboard heatersPropane

Exterior

Vinyl siding

Foundation

Block

Lot

Level lotIrregular lot sizeFlat siteLaneDry

View

Lake viewView of waterDirect Water View

Waterfront

Waterfront on lake
Negative cash flow ~$985/mo at these assumptions

Cash on cash

-6.57%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,537

Financing

Down payment$179,800
Loan amount$719,200
Mortgage$3,644/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412
Insurance$80
Maintenance$749
CapEx reserve$375
Vacancy loss$225

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,644/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.

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